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App store company GetJar raises $11 million Series B from Accel Partners

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Application store company GetJar this morning announced it has secured $11 million in a Series B funding round led by previous backer Accel Partners, report PaidContent and others.

The company says it plans to use the funding to bolster its consumer-facing sites as well as its professional solutions geared towards app developers and publishers.

GetJar says that in the past year, the company has tripled the number of employees, quadrupled the number of downloads per month, signed partnerships with players like U.S. carrier Sprint and maintained its profitability.

“We doubled down in this Series B due to GetJar’s momentum as the leading open platform in the mobile apps space,” said Rich Wong from Accel Partners, the company’s only major investor to date. “Mobile app developers need to get discovered, build a marketing channel for mobile users, and scale to massive user bases.”

GetJar recently released the results of an independent study which indicates that the market for mobile apps could grow to a whopping $17.5 billion within the next three years. It’s well on its way to ride the trend: the company two weeks ago said it has broken the 1 billion app download barrier. GetJar is currently home to some 75,000 mobile apps that work across multiple platforms and devices, including RIM’s BlackBerry and Google Android devices.

For more insight on GetJar’s business, check out this video interview I did last year with founder and chief exec Ilja Laurs:

  • http://www.helixzone.net helix2301

    Nice to see 3rd party app developers getting a head and they must be a well hit site get over 1 billion app downloads good for them.

  • Tory

    TC is getting boring each day. Once it was the first site that I use to visit every day; and now I force my self to check it at the end of the day for exactly one minute.

    • http://techcrunch.com Robin Wauters

      Such a shame. The whole team looks forward to your insightful comments 24/7.

      • http://tweetwallpro.com Pascal@TweetWallPro

        \o/

      • http://blog.fuzemeeting.com/ Kristen Isaacs

        TC. FTW!

      • http://blog.fuzemeeting.com/ Kristen Isaacs

        That’s great news for Get Jar and hats off to them!

        We had a great experience with them.
        We were really excited to be the first web conferencing app for the Android and then *GASP*, our app went live but wasn’t showing up in the Android marketplace on the HTC Incredible for a few days (there was an SF Gate article). We were pretty pumped that with a clever redirect, the Incredible users could still get the app off Get Jar.

        Gooooo Get Jar!

  • http://www.facebook.gen.tr Facebook

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  • http://maxniederhofer.com Max Niederhofer

    The key question to have asked here is: if the company is doing so well, why did it do an inside round?

    You probably won’t get a straight answer from either investors or execs, you may get an answer from an ex-founder or a competitor.

    That said, from the outside GetJar looks like a great investment. So maybe they did it because Accel has huge amounts of capital per head to deploy in Europe. And the company didn’t want to go through the hassle of a distracting fundraise. Or maybe a part of that is secondary?

    The Series A is Accel Europe. Yet Rich Wong from Accel in the US is commenting on the Series B. So maybe this is now a cross-geo portfolio company?

    Many questions – go investigative journalism, TC! :)

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  • http://www.ojointernet.com/noticias/getjar-consigue-11m/ Getjar consigue 11M

    […] tienda de aplicaciones Getjar ha recibido una ronda de financiación de 11 millones de dólares en Serie B por parte de Accel […]

  • http://funlimited.co.uk/2010/07/29/independent-mobile-app-store-getjar-now-seeing-3-million-downloads-per-day/ Independent mobile app store GetJar now seeing 3 million downloads per day « Funlimited

    […] just raised an $11 million Series B round from previous investor Accel Partners and others. The company said at the time that in the past […]

  • http://www.smartphonetop10.com/2010/07/independent-mobile-app-store-getjar-now-seeing-3-million-downloads-per-day/ Smart Phone Top 10 » Independent mobile app store GetJar now seeing 3 million downloads per day

    […] just raised an $11 million Series B round from previous investor Accel Partners and others. The company said at the time that in the past […]

  • http://www.mobiletelephones.co.za/2010/08/02/independent-mobile-app-store-getjar-now-seeing-3-million-downloads-per-day/ Independent mobile app store GetJar now seeing 3 million downloads per day | Mobile Telephones

    […] just raised an $11 million Series B round from previous investor Accel Partners and others. The company said at the time that in the past […]

  • http://idgvv.com.vn/demo/blog/independent-mobile-app-store-getjar-now-seeing-3-million-downloads-per-day Independent mobile app store GetJar now seeing 3 million downloads per day | IDG

    […] just raised an $11 million Series B round from previous investor Accel Partners and others. The company said at the time that in the past […]

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  • http://eu.techcrunch.com/2010/09/07/getjar-hires-former-microsoft-exec-james-mooney-to-head-uk-sales/ GetJar hires former Microsoft exec James Mooney to head UK sales

    […] recently named a Technology Pioneer for 2011 by The World Economic Forum, raised $11 million in Series B funding last […]

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    FAIL!?

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    • http://pulse.yahoo.com/_4FE2AIRXRYN3VYV4WHZ2NJXN6I My Secret

      wow.. congratulations for raising it to 11 million dollars. It’s some sort of an achievement or success. pmp certifications

  • http://blog.perfectomobile.com/?p=62 An All-App War « Perfecto Mobile

    […] But the Apple App Store is one of a kind, and it lords over the apps for iPhone, iPad and iPad with an iron rule. No app can get there without going through the official store. The Android app store, the Android Market, by not be as smooth and use friendly, but Google does not prevent competing app stores from selling apps to Android users. In the past year we’ve seen a growing number of competing independent app stores. The biggest of them is GetJar. The Lithuanian-based app store (with offices in the UK and Silicon Valley as well) was founded in 2004, and recently announced it has reached 3 million downloads per day, and a total of over 1 billion downloads to date. The store provides 60,000 apps to users of Android, BlackBerry, Java ME, Symian and Windows Mobile devices in 200 plus countries. Accel Partners, the leading global venture and growth equity firm, is its biggest investor, and has agreed to a second round of investment two months ago for a total for $11 million (along with the smaller investors). This sum is supposed to “bolster its consumer-facing sites as well as its professional solutions geared towards app developers and publishers”, according to Robin Wauters of EuTechCrunch. […]

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